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On the sign:
סמל העיר תל אביב יפו יחיאל שמי ברזל קרוע 1963 פלדה נתרם על ידי משולם ריקליס, ניו יורק
Yehiel Shemi Torn Steel 1963 Steel Donated by Mushulam Riklis New York
The sculpture image shows another sculpture from the same artist, which also appears on the site Click for a larger image
In 2025, as part of construction work in the area, the statue was toppled. In the following photo, taken by Gil Ovadia, you can see the statue and the fence they erected around it. Click for a larger image